img_irbmenu

Tokio Marine & Nichido

Nisshin Fire

Nisshin Fire

Tokio Marine & Nichido Life

Tokio Marine & Nichido Financial Life

Tokio Marine Millea SAST

Philadelphia Insurance Companies

Kiln Group

5

Tokio Marine Holdings Tokio Marine & Nichido Nisshin Fire Tokyo Marine & Nichido Life Tokio Marine & Nichido Financial Life

Tokio Marine & Nichido Financial Life

Summary of FY2011 1H results

 Single-payment premiums of variable annuities
Single-payment premiums of variable annuities

(unit: billion yen)


 FY2007FY2008FY2009FY2010FY2011 1H
 Single-payment premiums of variable annuities512.2 444.9 174.3 105.46.9
Single-payment variable annuities premiums have continued to decline mainly due to the shrinking of variable annuities market and a decline in customers' investment appetite owing to market deterioration, in addition to a delay in achieving market penetration of products with limited minimum guarantee.

 EV

(unit: billion yen)


 FY2006FY2007FY2008FY2009 FY2010
 EV at the end of the fiscal year98.7 94.3 44.0 63.3 42.3
 Change in EV*17.7 -14.4 -50.2 19.2 -20.9
*Excluding the effects of capital increases

Embedded value (EV), the profit indicator, as at the end of FY2010 decreased to 42.3 billion yen, down 20.9 billion yen YoY, mainly due to the deterioration of the financial market conditions.
(Note: EV is disclosed at the end of the fiscal year only.)

On a financial accounting basis, net interim income increased by 4.4 billion yen YoY to 0.7 billion yen as at the end of 1H of FY2011 mainly due to the release of contingency reserve, in addition to the replacement of main products since 2H of FY2010 with those designed to generate revenue that is commensurate with the initial cost.

 Major benchmark figures

(unit:million yen, unless otherwise specified)


 FY2007FY2008FY2009FY2010FY2011 1H
 Ordinary income525,834 567,631 483,745 170,776198,295
 Ordinary profit-6,422 10,099 -1,301 -2,395722
 Core operating profit-6,105 -827 2,589 -5,095-2,707
 Net income-6,478 10,078 -1,363 -2,500711
 Common stock48,000 48,000 48,000 48,000 48,000
 Total assets2,070,732 1,964,170 2,321,094 2,263,019 2,064,256
 (Separate accounts)1,967,195 1,876,816 2,237,702 2,192,259 2,002,379
 Underwriting reserves2,020,492 1,914,011 2,271,350 2,218,058 2,032,287
 Loans2,413 2,421 2,542 2,6972,699
 Securities1,958,324 1,881,915 2,230,316 2,190,848 2,004,950
 Solvency margin ratio1,157.5%1,057.5%1,275.3%1,161.1%865.9%
 Number of employees224363337287-

 Total policy amount in force and new policy amount (Unit: billion yen)  

 FY2007FY2008FY2009FY2010FY2011 1H
 Total policy amount in force     
    Individual insurance325.4 309.7 296.6 284.5278.4
    Individual annuities2,010.5 2,332.5 2,486.8 2,490.0 2,437.3
    Group insurance---- -
    Group annuities---- -
 New policy amount     
    Individual insurance2.5 0.3 -- -
    Individual annuities505.7 442.7 173.4 104.76.6
    Group insurance---- -
    Group annuities---- -

Download of All Financial Data of Tokio Marine & Nichido Financial Life


Related Page:Summary Report